NASDAQ:RBCAA - Free Report ) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,900 shares of the bank's stock after selling 31,600 shares during the period. LSV Asset Management owned 0.35% of Republic Bancorp worth $3,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other hedge funds and other institutional investors have also made changes to their positions in RBCAA. Vanguard Group Inc. increased its stake in Republic Bancorp by 1.1% in the third quarter. Vanguard Group Inc. now owns 487,758 shares of the bank's stock valued at $21,486,000 after purchasing an additional 5,351 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Republic Bancorp by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 96,695 shares of the bank's stock valued at $4,259,000 after purchasing an additional 1,972 shares during the last quarter. Formidable Asset Management LLC increased its holdings in shares of Republic Bancorp by 0.8% in the third quarter. Formidable Asset Management LLC now owns 29,136 shares of the bank's stock valued at $1,283,000 after purchasing an additional 235 shares during the period. D. Scott Neal Inc. lifted its holdings in shares of Republic Bancorp by 7.1% during the fourth quarter. D. Scott Neal Inc. now owns 22,488 shares of the bank's stock worth $1,249,000 after purchasing an additional 1,488 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Republic Bancorp in the 4th quarter valued at $547,000. Institutional investors and hedge funds own 24.37% of the company's stock.
Republic Bancorp Trading Up 1.4 % Republic Bancorp stock traded up $0.75 during trading on Thursday, hitting $54.57. The company's stock had a trading volume of 11,523 shares, compared to its average volume of 17,209. The stock's fifty day moving average is $49.69 and its 200 day moving average is $49.78. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.07. Republic Bancorp, Inc. has a 1-year low of $38.37 and a 1-year high of $57.54. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 11.31 and a beta of 0.56.
Insider Buying and Selling at Republic Bancorp In other Republic Bancorp news, Director Michael T. Rust sold 1,400 shares of the company's stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.43, for a total transaction of $66,402.00. Following the completion of the sale, the director now directly owns 20,772 shares in the company, valued at $985,215.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink . 56.60% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth Separately, Hovde Group started coverage on Republic Bancorp in a research report on Monday, March 4th. They issued an "outperform" rating for the company.
Check Out Our Latest Stock Report on Republic Bancorp
About Republic Bancorp (
Free Report )
Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.
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